Vestor Capital LLC Sells 7,743 Shares of AT&T Inc. (NYSE:T)

Vestor Capital LLC cut its stake in shares of AT&T Inc. (NYSE:T) by 42.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,327 shares of the technology company’s stock after selling 7,743 shares during the quarter. Vestor Capital LLC’s holdings in AT&T were worth $173,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of T. Carmel Capital Partners LLC raised its stake in shares of AT&T by 16,250.0% in the third quarter. Carmel Capital Partners LLC now owns 1,635 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,625 shares during the last quarter. Lipe & Dalton purchased a new position in AT&T in the 3rd quarter worth about $30,000. Ramirez Asset Management Inc. bought a new position in AT&T during the 3rd quarter valued at about $30,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of AT&T by 35.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,322 shares of the technology company’s stock valued at $39,000 after acquiring an additional 606 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. grew its stake in shares of AT&T by 3,202.4% in the third quarter. Financial Gravity Asset Management Inc. now owns 2,708 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,626 shares during the period. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Wall Street Analyst Weigh In

T has been the subject of several recent research reports. Citigroup boosted their target price on shares of AT&T from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Barclays raised AT&T from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, April 29th. TheStreet raised AT&T from a “c” rating to a “b-” rating in a report on Wednesday, January 24th. Tigress Financial upped their price target on AT&T from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on AT&T from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.81.

AT&T Trading Up 0.4 %

NYSE T traded up $0.07 during trading on Thursday, hitting $17.18. The stock had a trading volume of 22,541,685 shares, compared to its average volume of 38,480,242. AT&T Inc. has a one year low of $13.43 and a one year high of $18.16. The stock has a 50 day simple moving average of $16.98 and a 200 day simple moving average of $16.70. The stock has a market capitalization of $123.18 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.63 and a current ratio of 0.68.

AT&T (NYSE:T) last released its earnings results on Wednesday, April 24th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. The business had revenue of $30.03 billion during the quarter, compared to the consensus estimate of $30.62 billion. AT&T had a return on equity of 14.63% and a net margin of 11.13%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Sell-side analysts predict that AT&T Inc. will post 2.24 earnings per share for the current year.

AT&T Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date was Tuesday, April 9th. AT&T’s payout ratio is 59.68%.

AT&T Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.